Re: Student Loan Rehabilitation And The Effect On Tradelines

that is one of the benefits of this thread. I am trying to get the info from a range of people and their lenders. Mine is through Direct Loans, and they have been known to wipe the slate clean, although, so far, that isn't the case for me. When they report this August, I'll know for sure.

MyFico asked me to change my screen name, so for now on I'll be FicoTron

Re: Student Loan Rehabilitation And The Effect On Tradelines

I just spoke with Direct Loans to make sure my automatic debit payment was set up correctly, and I also asked about why they were essentially double reporting my school loan debt. They said that a different department sends them a request to update the negs within 60 days of the rehab. So, my rehab date was 7/20, so hopefully when they report this month, it will be squared. I will update when that happens.

Re: Student Loan Rehabilitation And The Effect On Tradelines

My student loans were thru US Dept of Education (Direct Loans) and I also fell behind a couple years ago, but the last 18 months or so have been on time. I never spoke to them about any "rehab" program that I have been reading about, so I am wondering if I call them, maybe they would take the last year or so of payments into considerationand get rid of all those late payments I had a few years back. I also recently setup the electronic debit feature to take fund from my checking account. I think i am going to call them immediately on Tuesday.

Re: Student Loan Rehabilitation And The Effect On Tradelines

Hi Joey:

I have to agree with Tron on this one. Normally they only offer the rehabilitation programs to those that are in serious default. Now there is a bit of inconsistencies upon what the rehabilitation program is supposed to "clear from your credit report". Many of reported that it clears the entire trade line (including late payments), but other's have reported that it only clears the "status" of the old account (but not the late payments). The good news is that as long as you continue to make those on time payments, then those baddies are hurting your score less and less.

Re: Student Loan Rehabilitation And The Effect On Tradelines

My EX report updated with a new TL: US Dept of Education. Dating back to 6-1998 with no negatives. It moved my AAoA from 4 months to 1.7 years.No score movement but haven't checked my Fico yet. I'll get that at the end of the month. Only saw the EX FAKO and it's still at 715, same as the last few weeks since my car loan popped on there. At least it didn't go down from the new account.

Re: Student Loan Rehabilitation And The Effect On Tradelines

They DOE updated the positive tradeline for the month of August on all three bureau's but still hasn't touched the negatives...like I've said, they have to AT LEAST take the collection status and past due amounts off, so I'm still nervously anticipating what they are going to do...I don't want to call them again, but I also don't want to wait another month to see what they do.

Tburns- you didn' t have any negs on your report to begin with though right? If that is the case, that sucks because we can't compare how it worked out, as far as timing between the two of us.

Re: Student Loan Rehabilitation And The Effect On Tradelines

well, they reported for August and reported it the negatives as the same. They are still collection accounts for the full amount, even though I am fully rehabbed. So they are reporting it incorrectly. I don't know if I should call or dispute. Any ideas?

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IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.